Image 7 of Minutes of the University of Kentucky Board of Trustees, 2011-06-14

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and Central Kentucky Management Services. He moved for adoption of FCR 5 and was
seconded by Mr. Mobley. The resolution passed with no dissent. (See FCR 5 on the Board of
Trustees website, www.uky.edu/ Trustees, under agenda.)
R. 2010-11 Budget Revisions (FCR 6)
Mr. Stuckert moved the approval of FCR 6, which asked the trustees to authorize an
increase of $4.6 million resulting from revised income and expense estimates from the UK
Athletic Association. He was seconded by Ms. Brothers. There was no dissent, and the vote was
unanimous for the adoption of FCR 6. (See FCR 6 on the Board of Trustees website,
www.uky.edu/Trustees under agenda.)
S. Accept Lexmark Intemational Inc. Gift and Approve the Renovate Old Northside
Library Building Project (FCR 7)
Mr. Stuckert asked the Board to accept the Lexmark gift of $1 million to renovate the Old
Northside Library into Biology and STEM facilities. He moved approval of FCR 7 and was
seconded by Ms. Curris. The motion passed without dissent. (See FCR 7 on the Board of
Trustees website, www.uky.edu/ Trustees, under agenda.)
T. Renovate Research Labs (FCR 8)
Mr. Stuckert said that FCR 8 requests approval ofthe initiation of research lab
renovations in the Chemistry-Physics Building for a cost of $832,000. Mr. Stuckert moved
approval of the request. Dr. Gannon seconded, and the motion carried without dissent. (See
FCR 8 on the Board of Trustees website, www.uky.edu/ Trustees, under agenda.)
U. Disposal of Personal Property (FCR 9)
Mr. Stuckert said that FCR 9 is a recommendation for the Board to approve a plan for
Fiscal Year 2011-2012 with regard to routine disposition and disposal methods for personal
property. Mr. Stuckert moved approval. Mr. Roberts seconded, and the motion carried without
dissent. (See FCR 9 on the Board of Trustees website, www.uky.edu/Trustees under agenda.)
V. Patent Assigpment Report (FCR 10)
Dr. James Tracy, Vice President for Research, gave a report on the content ofthe Patent
Assignment Report in the moming meeting and detailed the 14 patents that have been filed, as
well as the fiscal-year-to-date activity as of March 31, 2011. Mr. Stuckert moved to approve the
report. Mr. Smith seconded, and the motion carried without dissent. (See FCR 10 on the Board
of Trustees website, www.uky.edu/Trustees, under agenda.)
W. Authorization to Negotiate to Acguire University Lofts (FCR 11 )
FCR 11 grants the Executive Vice President for Finance and Administration approval to
enter into negotiations to acquire University Lofts located at 236 Bolivar Street at a price not to